We refer to the stock exchange announcement of Njord Gas Infrastructure AS (“Njord”) on 30 October 2015 and previous announcements regarding the Norwegian Ministry of Petroleum and Energy’s (the “MPE”) decision to amend the tariff regulation for Gassled.
Borgarting Lagmannsrett (Borgarting Appellate Court) today issued its decision in the legal action brought against the Norwegian state (represented by the MPE) by Njord, Solveig Gas Norway AS, Silex Gas Norway AS and Infragas Norge AS. The Court has decided in favor of the Norwegian State and the decision is attached hereto. A certified translation into English will be made available on the corporate website on or about 5 July.
Njord and the three other plaintiffs has until 16 September to decide whether or not to appeal this decision. Njord will make an announcement when this decision has been made.
Dated: 30 June 2017
Njord Gas Infrastructure AS
The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and the Oslo Børs – Continuing Obligations.
Njord Gas Infrastructure AS is headquartered in Stavanger, Norway. It invests in Norwegian gas infrastructure and currently holds an 8.036% participating interest in Gassled. For more information, please refer to http://www.njordgasinfra.no/.
For information, please contact:
Birte Norheim, CEO